ECA Marcellus Trust I (NYSE:ECT) declared a quarterly dividend on Tuesday, November 7th, NASDAQ reports. Stockholders of record on Friday, November 17th will be given a dividend of 0.073 per share by the oil and gas company on Thursday, November 30th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 12.17%. The ex-dividend date is Thursday, November 16th.
ECA Marcellus Trust I has decreased its dividend by an average of 54.3% annually over the last three years.
ECA Marcellus Trust I (NYSE:ECT) traded down $0.05 during trading on Friday, reaching $2.40. 18,100 shares of the company’s stock traded hands, compared to its average volume of 41,316. The firm has a market capitalization of $41.39, a P/E ratio of 7.42 and a beta of 1.49. ECA Marcellus Trust I has a 52-week low of $2.00 and a 52-week high of $2.95.
ECA Marcellus Trust I (NYSE:ECT) last released its earnings results on Wednesday, August 9th. The oil and gas company reported $0.10 earnings per share for the quarter. ECA Marcellus Trust I had a net margin of 84.94% and a return on equity of 10.54%. The business had revenue of $2.01 million during the quarter.
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ECA Marcellus Trust I Company Profile
ECA Marcellus Trust I (the Trust) is a statutory trust. The Trust is formed by Energy Corporation of America (ECA) to own royalty interests in natural gas properties owned and operated by ECA in the Marcellus Shale formation in Greene County, Pennsylvania. The Trust does not conduct any operations or activities.
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